Google Ex-CEO Believes That Ethereum (ETH) Blockchain Is The Most Promising In The Crypto Market

The Google ex-CEO, Eric Schmidt pointed out that Ethereum (ETH) is a blockchain of greater potential than others, especially for its flexibility to construct multiple solutions on its network, a case of extremely significant use that other projects of this nature lack.

Schmidt stated that during a live interview with the economist Tyler Cowen, which was organized by Village Global in the city of San Francisco, in the United States. When asked if he considered blockchain technology as overvalued or undervalued, Schmidt assured that its public use is overrated, but its more technical implementation is undervalued.

According to him, nowadays the blockchain technology is beneficial for the financial exchange, having successful public examples like Bitcoin (BTC), but also being a fundamental part of private banking transactions, when it is necessary to solve trust problems between the parties.

Google Ex-CEO Believes That Ethereum (ETH) Blockchain Is The Most Promising In The Crypto Market

“I think one of the most exciting things that are happening is the beginning of the construction on the blockchains; the most obvious example is the capacity of Ethereum (ETH). And if Ethereum manages to find a way to make a global synchronization of that activity, that’s a pretty powerful platform. That’s a really new invention,” said Eric Schmidt, Google Ex-CEO.

“Bitcoin (BTC) is a remarkable cryptographic achievement. The ability to create something that is not duplicable in the digital world has enormous value,” Schmidt said at the time. Julian Assange, the creator of Wikileaks, would have been the one who introduced Bitcoin (BTC) to Schmidt in 2011, as he admitted, urging him to use BTC.

At Google, co-founder Sergey Brin, as well as the current CEO, Sundar Pichai, have both declared themselves interested in cryptocurrency, and even their children, although minors, already mine Ethereum (ETH).

Other technology enthusiasts have also admitted themselves as cryptocurrency fans. For example, Twitter CEO Jack Dorsey even went so far as to say that he hopes Bitcoin (BTC) would become the Internet’s native currency.

Jackson Bey

Jackson Bey was born and raised in Lethbridge Alberta but moved east when he was 22. Apart from running his own consulting firm. Jackson spends his time canoeing the many lakes of Ontario. As a financial journalist Jackson has published stories for CBC Business Online, as well as Buzz Feed and Motherboard. As a contributor to Billionaire 365, Jackson mostly covers markets and trade.

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